L’Oreal Hit the Record

French beauty & cosmetics giant L’Oreal has announced a record profit in 2013 through sales of Garnier shampoos, Maybelline makeup as well as its additional beauty offerings.

L’Oreal reported net profit of €2.96 billion ($4.9 billion) last year, up 3.2% from €2.87b in 2012.

The company is 29.5% owned by Swiss food giant Nestle, who have also had a rise in profitability reaching a record rise of 16.9 per cent in 2013 sales.

Companies behind L’Oreal include Maybelline, Garnier, Lancôme and The Body Shop.